When a buyer submits an offer for the purchase of a home using a Residential Purchase Agreement (or RPA), there is an entire section dedicated to the contingencies (this can…

Buying a new home is an exciting time that should be celebrated and enjoyed. Unfortunately, some sour apples might try to ruin this joyous milestone for you. It is important…

When qualifying for a residential mortgage, lenders are required to ensure that the borrower is able to repay the loan. The most important metric in determining this is the borrower’s…

Refinancing a mortgage from a lower interest rate to a higher interest rate is something most borrowers want to avoid whenever possible, but can be a harsh reality when a…

Mortgage recasting is a powerful financial tool that can help borrowers reduce their monthly mortgage payments. While not all mortgage loan servicers allow for recasting, the majority of conventional mortgages…

When purchasing a home, one of the first questions to answer is what type of property you want to purchase. There are a host of different types of residential properties,…

Occupancy type is a major factor in mortgage loans. Occupancy can have a large impact on interest rates when it comes to residential mortgage loans. The type of occupancy will…

Real estate transactions involve multiple parties, such as buyers, sellers, realtors, escrow, and title companies. The cooperation from all of these parties is needed for a successful closing to occur….

Obtaining a mortgage loan can be a lengthy and cumbersome process. To make matters worse, it is entirely possible that even after you are pre-approved your loan could still fall…

Overview After the 2008 mortgage crisis shook the residential mortgage industry to its core, regulators stepped in with the goal of making lending more transparent and less confusing for consumers….